CoreWeave (NASDAQ:CRWV) Major Shareholder Magnetar Financial Llc Sells 1,113,847 Shares

Key Points

• Magnetar Financial LLC, a major shareholder of CoreWeave, sold over 1.1 million shares on September 25th, significantly reducing their stake by 75.78%.
• CoreWeave's share price has recently dropped by 5.0%, trading at $120.34, down from a 12-month high of $187.00.
• Despite reporting a revenue increase of 206.7% year-over-year, CoreWeave's quarterly earnings missed expectations with an EPS of ($0.27).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 1,113,847 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $136.38, for a total transaction of $151,906,453.86. Following the completion of the transaction, the insider owned 356,070 shares of the company's stock, valued at $48,560,826.60. This trade represents a 75.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Thursday, September 25th, Magnetar Financial Llc sold 185,627 shares of CoreWeave stock. The shares were sold at an average price of $136.38, for a total value of $25,315,810.26.
• On Thursday, September 18th, Magnetar Financial Llc sold 1,059,358 shares of CoreWeave stock. The shares were sold at an average price of $120.62, for a total value of $127,779,761.96.
• On Thursday, September 18th, Magnetar Financial Llc sold 176,512 shares of CoreWeave stock. The stock was sold at an average price of $120.62, for a total value of $21,290,877.44.
• On Friday, September 19th, Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80.
• On Friday, September 19th, Magnetar Financial Llc sold 1,151,054 shares of CoreWeave stock. The shares were sold at an average price of $125.60, for a total transaction of $144,572,382.40.
• On Friday, September 19th, Magnetar Financial Llc sold 197,336 shares of CoreWeave stock. The stock was sold at an average price of $125.60, for a total transaction of $24,785,401.60.
• On Monday, September 22nd, Magnetar Financial Llc sold 734,110 shares of CoreWeave stock. The shares were sold at an average price of $132.42, for a total transaction of $97,210,846.20.
• On Monday, September 15th, Magnetar Financial Llc sold 535,055 shares of CoreWeave stock. The stock was sold at an average price of $119.93, for a total transaction of $64,169,146.15.
• On Tuesday, September 16th, Magnetar Financial Llc sold 185,713 shares of CoreWeave stock. The shares were sold at an average price of $122.39, for a total transaction of $22,729,414.07.
• On Tuesday, September 16th, Magnetar Financial Llc sold 76,388 shares of CoreWeave stock. The shares were sold at an average price of $122.42, for a total value of $9,351,418.96.

CoreWeave Stock Down 5.0%

Shares of CoreWeave stock traded down $6.32 during trading on Friday, reaching $120.34. 29,837,213 shares of the company were exchanged, compared to its average volume of 30,565,654. The business's 50-day simple moving average is $110.86. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The business's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently modified their holdings of CRWV. Cisco Systems Inc. acquired a new stake in shares of CoreWeave during the second quarter worth $173,493,000. Geode Capital Management LLC increased its position in CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares during the period. Lmdagg L.L.C. bought a new position in CoreWeave during the second quarter worth about $48,030,000. Sivia Capital Partners LLC acquired a new stake in CoreWeave in the 2nd quarter worth about $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in CoreWeave in the 2nd quarter valued at about $34,284,000.

Analyst Ratings Changes

A number of brokerages have recently commented on CRWV. Loop Capital initiated coverage on shares of CoreWeave in a research report on Friday, September 19th. They issued a "buy" rating and a $165.00 price objective on the stock. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Bank of America lowered their target price on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. Northland Securities increased their price target on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Mizuho restated a "neutral" rating and set a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has a consensus rating of "Moderate Buy" and an average price target of $124.96.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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